Italian company plans expansion in India

New Delhi, Oct 8: Italian apparel company Osia Italia is planning to increase its presence in Indian ready-made garments market, opening 38 shops across the country during the next two years which will help triple its turnover.

“We will open 38 shops, including exclusive ones across the country. Of these, 25 will come up this fiscal itself,” managing director of Osia Italia Mr Naren Jain said. The company, which already has 13 retail stores in India, plans to open boutiques in Delhi, Mumbai, Amritsar and Indore, in the next three months, he said.

He said growth of Indian ready-made garment sector justifies company’s expansion plan that envisages three-fold growth in its sales to Rs 9-10 crore this fiscal.

— PTI